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rowe price, we understand the connections of a complex, gloal economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through galzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dres. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your se. and make your business dream a reality. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 9decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting un
rowe price, we understand the connections of a complex, gloal economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company...
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Mar 17, 2013
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so what we want to do is not tax and tax and tax the economy more, which weakens the economy. we would like to see the economy grow and throw off more wealth that benefits workers, benefits employees, and actually creates more tax revenue for us. that is the central question that we have. so this amendment, i believe moves us in the right direction. it gives us an opportunity to end the deficits. ce we do that, as a percentage of g.d.p. we have will have some growth as projected by c.b.o. thank you. >> well, let me respond on our side and i think we'll have some debate here. to begin with, i think all of us recognize it is a responsibility that we have right now to deal with our debt and deficit in a responsible manner. we all want to achieve that goal. but all of us recognize our economy is fragile right now, we have lived through a lot in the last 10 years. many of our families are still struggling to get back to work to put food on the table to send their kids to college, to pay their mortgage and to stay in their homes. the budget we put forward really recognizes the fragi
so what we want to do is not tax and tax and tax the economy more, which weakens the economy. we would like to see the economy grow and throw off more wealth that benefits workers, benefits employees, and actually creates more tax revenue for us. that is the central question that we have. so this amendment, i believe moves us in the right direction. it gives us an opportunity to end the deficits. ce we do that, as a percentage of g.d.p. we have will have some growth as projected by c.b.o. thank...
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last quarter the economy grew by a hair. unemployment is 7.7%. 46 million people are living in poverty today in america. the president says we are in a recovery. i say we are in critical care. look at where we are going. further down the road things that are worse. by the end of 2023, the economy will be at a crawl. we will have $8 trillion in our debt. the devil way down the the country like an anchor. in short, we are on the verge of a debt crisis. our obligations are growing faster than our ability to pay them. our debt is already bigger than our economy. at some point, lenders will lose confidence and demand higher interest rates. when they do, interest rates across the country will sky rocket mortgages, car loans and then pressed for cash, the government will take the easy way out. it will crank up the printing presses. the dollar is sinking finances collapse. the safety that would unravel. the most vulnerable would suffer the most. the debt crisis would be more than an economic event. it would be a moral failure. you s
last quarter the economy grew by a hair. unemployment is 7.7%. 46 million people are living in poverty today in america. the president says we are in a recovery. i say we are in critical care. look at where we are going. further down the road things that are worse. by the end of 2023, the economy will be at a crawl. we will have $8 trillion in our debt. the devil way down the the country like an anchor. in short, we are on the verge of a debt crisis. our obligations are growing faster than our...
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there are jobs in the economy for people to see. if state and local governments cut back, when you do it in a period of time when many unemployed people for a -- you make the unemployment problem worse, and that is where you get into ryan's point. >> ezra action thank you as always. coming on with a doubleheader of smoke watch and budget season -- >> you haven't even heard my opinions on the smoke. >> and sorry that it didn't happen in this segment. we invite you back. until we get the smoke and a grand bargain. thank you, my friend, for your time and opinion. >>> after the break, brooklyn is probably not the first place that comes to minute, and that's probably why reince priebus found himself in kings county. we'll have that next on "now." mom always got good nutrition to taste great. she was a picky eater. well now i'm her dietitian and last year, she wasn't eating so well. so i recommended boost complete nutritional drink to help her get the nutrition she was missing. and now she drinks it every day. well, it tastes great! [ mal
there are jobs in the economy for people to see. if state and local governments cut back, when you do it in a period of time when many unemployed people for a -- you make the unemployment problem worse, and that is where you get into ryan's point. >> ezra action thank you as always. coming on with a doubleheader of smoke watch and budget season -- >> you haven't even heard my opinions on the smoke. >> and sorry that it didn't happen in this segment. we invite you back. until...
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Mar 19, 2013
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that relationship defines the shape of the global economy. is the largest trade investment partner for almost all other countries in the global economy, that speaks of the power and potential. anhave been very happy from irish perspective to see the high level report produced between the eu and the u.s. in terms of potential. i spoke to the president after his reelection. he addressed the matter in his state of the union address and last week, the european council gave a very positive endorsement to giving this presidency to thesure -- trigger negotiations, which can hopefully take place. there is a 90-day process to go through from the u.s. administration point of view. the relationship has enormous potential. currently, 15 million jobs depend on the the trade. think of the potential for all the millions of people on either side of the atlantic in terms of the potential for job creation if this were to become a reality, which i expect it will. long-term evidence would show the flow of trade and investment helps spread new ideas, new innovati
that relationship defines the shape of the global economy. is the largest trade investment partner for almost all other countries in the global economy, that speaks of the power and potential. anhave been very happy from irish perspective to see the high level report produced between the eu and the u.s. in terms of potential. i spoke to the president after his reelection. he addressed the matter in his state of the union address and last week, the european council gave a very positive...
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. >> still more money that guess out of the economy and doesn't have an impact. more importantly, though, it's still sold the same way. still taxing the rich corporations and rich americans who have unfair advantages. so it leaves the door open to another sort of tax the next go-around. i didn't think -- >> neil: i thought that was off the table. >> after you get $41 in tax hikes with one dollar in tax cuts. >> there is the argument that you have the ryan plan, the murray plan, maybe have two sides that could broach some differences but i see some chasm >> but it's a more hopeful tone on both parties. the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for
. >> still more money that guess out of the economy and doesn't have an impact. more importantly, though, it's still sold the same way. still taxing the rich corporations and rich americans who have unfair advantages. so it leaves the door open to another sort of tax the next go-around. i didn't think -- >> neil: i thought that was off the table. >> after you get $41 in tax hikes with one dollar in tax cuts. >> there is the argument that you have the ryan plan, the...
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meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is this? and rick suggests that more americans are taking advantage of the underground economy, earning and spending cash off the books to avoid taxes or other regulations. rich is with us know. the chief been the correspondent for u.s. news and world report. at it the worst kept secret in the nation there is an enormous underground economy where people get paid cash and don't get benefits. it's a cash world. >> some of that is a constant. we know about landscape workers and nannies and illicit operators like drawing dealers and bookies who work in the dark economy. but t
meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is...
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and it hurts the overall economy. 2/3 of our economies consumer spending. you live in michigan -- i don't know if he said you live near the car industry or anything. he could become wealthy as a car industrialist ... employees could buy a car -- unless his employees could buy a car. if you don't pay people the minimum wage at how will share in the growth, the economy won't grow. you talk about waste, fraud, and abuse, and i agree with you about that. of course, the sequester is no way to do it, taking hatchet to the budget without looking at ways we could trim the budget and eliminate duplicative programs. but thank you for your question. host: the president meets with you on thursday. what do you think of the meanings and the way he has been meeting with republicans when it comes to budget and spending issues? guest: when he doesn't meet with people, he is accused of being distant and aloof. when he does meet with us, then he is caving. i know that people in my party become very paranoid and upset -- "oh, he is meeting with those terrible republicans." hos
and it hurts the overall economy. 2/3 of our economies consumer spending. you live in michigan -- i don't know if he said you live near the car industry or anything. he could become wealthy as a car industrialist ... employees could buy a car -- unless his employees could buy a car. if you don't pay people the minimum wage at how will share in the growth, the economy won't grow. you talk about waste, fraud, and abuse, and i agree with you about that. of course, the sequester is no way to do it,...
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we just hit the economy with a $1.6 trillion tax increase. the economy's not roaring right now. and what they're saying, let's o that all over again. we are saying fix the tax code, replace it with a pro-growth tax system that helps small businesses, that helps job creators, that helps families. get government spending's appetite under control. the government is supposed to be spending 5% on average for the next 10 years. that's too much. that's much more than what the family budget gets. we sebring it down to 3.-- we say bring it down to 3.4%. when we look at all the smoke and mirrors, all the claims, none of the democratic budgets that's being brought to the floor ever, ever balance the budget. how is that a balanced plan? balancing the budget is what every family does. balancing the budget is what every business does. balancing the budget is what every local government does. surely our federal government can do this, and one of the key ingredients to growing this economy, to making american businesses big and small competitive so they can create jobs and create take-home pay
we just hit the economy with a $1.6 trillion tax increase. the economy's not roaring right now. and what they're saying, let's o that all over again. we are saying fix the tax code, replace it with a pro-growth tax system that helps small businesses, that helps job creators, that helps families. get government spending's appetite under control. the government is supposed to be spending 5% on average for the next 10 years. that's too much. that's much more than what the family budget gets. we...
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balancing the budget helps our economy. it gives us a healthy economy and a progrowth economy. this is a goal we should all have. thank you. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> president obama met with senate democrats to discuss issues including the budget. party leaders spoke with reporters about their differing budget proposals. >> we are seeing a contrast. the present -- the president is reaching out to republicans. and the senate, we are working out a bill to advance a compromise that will protect middle-class families. tomorrow, senator murray will introduce her bill that represent a balanced approach to what we need to do with the economy. on the other side, house republicans are moving further away from a compromise. house republicans are advancing the ryan republican budget that is more extreme and propaganda that we have seen in the past. the ryan republican budget slices critical programs and set of asking the wealthiest to pay more. he is going after education, healthcare, research, pris
balancing the budget helps our economy. it gives us a healthy economy and a progrowth economy. this is a goal we should all have. thank you. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> president obama met with senate democrats to discuss issues including the budget. party leaders spoke with reporters about their differing budget proposals. >> we are seeing a contrast. the present -- the president is reaching out...
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and it hurts our economy. the president even admitted that raising taxes in a bad economy kills jobs so why would you can't to continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and people in the country are going wait a minute. we manage to live within our means. why can't washington figure this out? >> we're at record low levels in terms of discretionary spending. we haven't had it this low since the eisenhower administration. so where does that come from? because as you know, democrats are not going to touch those entitlement programs unless you are willing to touch revenue. do you think we can really cut more? >> it's going to have to be addressed one way or another. mandatory spending is the biggest part hasn't been addressed by congress. obama care is part of mandatory spendi
and it hurts our economy. the president even admitted that raising taxes in a bad economy kills jobs so why would you can't to continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and people in the country are going wait a minute. we manage to live within our means....
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our debt is already bigger than our economy. at some point, lenders will lose confidence and demand higher interest rates.
our debt is already bigger than our economy. at some point, lenders will lose confidence and demand higher interest rates.
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and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the rescue? will the banks there ever reopen? and will it stay in the eu? we've reports from moscow and cyprus, coming up next, please stay with us. >> situation in cyprus getting worse today, banks will not open until next week at the he earliest. good evening michelle. >> larry, another day, another attempt to try to come up with a rescue plan for cyprus, today cyprus suggested that they would try to raid a pension fund, and promise to pay the workers down the road. but that idea was not liked. additionally they are trying get money fr
and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the...
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that says a lot about their economy. that is aa important story. >>> oil futures rose for the fourth straight session. optimism over higher global demand helped push crude up about half a percent, ending at 92.54 a barrel. >>> coming up on "money", a securities scandal hits hill know as the sec slaps the state with fraud charges that it misled investors about the dire state of its finances but are nor states pulling off the same dirty tricks? a top expert joins us to explain. >>> some solid news for small businesses as a new report shows strengthening optimism. two business owners will give us the real outlook from where they stand. do you ever have too much money or too much ammo? ♪ . melissa:ow to the scandal rocking state public pension funds. the securities & exchange commission charged illinois with securities fraud. it is the only the second time in history that federal regulators have accused a state of such a thing. the sec says illinois misled muni bond investors for years about the state's public pension disc
that says a lot about their economy. that is aa important story. >>> oil futures rose for the fourth straight session. optimism over higher global demand helped push crude up about half a percent, ending at 92.54 a barrel. >>> coming up on "money", a securities scandal hits hill know as the sec slaps the state with fraud charges that it misled investors about the dire state of its finances but are nor states pulling off the same dirty tricks? a top expert joins us to...
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that grow an economy. education, research, infrastructure, manufacturing, make it in america. that's our mantra and do it in a balanced way with reasonable tax and revenue increases that come from ending unnecessary loopholes. >> congressman ryan, do you think the public is still very strong with the president on this? >> i would like to think so. i mean, i think as long as we stand our ground. but leadership is about empowering those grass roots people that were just going door-to-door. and i think we've got to stand firm. even if we have to play the long game, ed, we may have a tough year or two, but there will be midterm elections. and i think we've got to stand for what is right. the top 1% has seen 93% of the income growth in the last few years. we've got to stand up for middle class people in the small businesses. we can't keep having this system where we have economic growth, but it goes primarily to the top. we're not mad at people for getting rich. god bless them. what we're saying is we've got to
that grow an economy. education, research, infrastructure, manufacturing, make it in america. that's our mantra and do it in a balanced way with reasonable tax and revenue increases that come from ending unnecessary loopholes. >> congressman ryan, do you think the public is still very strong with the president on this? >> i would like to think so. i mean, i think as long as we stand our ground. but leadership is about empowering those grass roots people that were just going...
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it hurts our economy. the president has admitted raising taxes and a bad economy kills jobs, so why would you keep raising taxes? control spending. washington spending is at the highest level in the history of the country. there is a spending problem in washington. it is not only heard in washington and our ability to balance the budget, it is hurting the economy. people in the country are going we men are managing to live within our means, why can -- we are managing to live within our means, why can't washington figure it out? >> as you know, democrats will not touch entitlement programs, she were willing to touch revenue. the you think we can really, think we canu really cut more? >> obama care is part of mandatory spending. each report says it will cost more money and add more to the deficit in the prior report. we have to address that problem. medicare right now is scheduled to go bankrupt. people say do not touch medicare. that means let it go bust. that is not right for seniors. it is not responsible
it hurts our economy. the president has admitted raising taxes and a bad economy kills jobs, so why would you keep raising taxes? control spending. washington spending is at the highest level in the history of the country. there is a spending problem in washington. it is not only heard in washington and our ability to balance the budget, it is hurting the economy. people in the country are going we men are managing to live within our means, why can -- we are managing to live within our means,...
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>> on the economy right now. >> how much more? 75% of the private sector or what? >> until the private sector starts coming back and starts adding and creating more jobs. >> so you take more out of the private sector to increase the private sector? that doesn't make sense! >> we are now looking at basically, you know, right now you cutting back. cutting back. >> but that is the point what mark is saying, what mark is saying is that you you help the private sector by taking more from the private sector. in fact it should be the government. >> not necessarily, david. >> that is the only way the government gets money e mack isn't it? >> taxes have to go up to pay the interest on all of the debt. i got to tell you something when you have federal reserve officials experiencing buyer's remorse over all of the u.s. treasuries they have been buying you have to say these must are supposed to bet smartest guys in the room if they are not liking the balance sheet loaded down with treasury debt and what they are trying to do to support the spending going on that is a gut reali
>> on the economy right now. >> how much more? 75% of the private sector or what? >> until the private sector starts coming back and starts adding and creating more jobs. >> so you take more out of the private sector to increase the private sector? that doesn't make sense! >> we are now looking at basically, you know, right now you cutting back. cutting back. >> but that is the point what mark is saying, what mark is saying is that you you help the private...
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Mar 20, 2013
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but i thinkure underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of theillionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used to that. it is like beating your head against the wall, when you stop, you still have a gaping wound but you feel better. i'm wondering whether we have a false assurance here? >> i don't feel like i have any kind of assure answer from anyone, both of the budgets not only house democratic budget but republican budget are asking for very contentiousesques one wants to us get rid of obamacare, that was a big struggle and the other wants to us get rid of the sequester cuts, which we've been haranging about for weeks now. neil: that just wastes time, every time they do that and add to more spending, we
but i thinkure underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of theillionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used...
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in the economy like this when people are trying to deal a bridge and get out of debt they just take that money and use it to deal a bridge they don't put it back into the economy because people are too nervous to do that the best way to get people back to work is for the government to spend money and we have low in historically low interest rates so do an infrastructure building is something that one we need to it's inexpensive to do particularly relative to history and by the way it in pro improves public safety in my own district of men in minneapolis minnesota in the district surrounding it we had thirty five thirty five fall into the mississippi river an important piece of infrastructure so it's not just jobs and productivity it's also public safety you know we're we're putting the infrastructure portion of our bill in there because the engineers say the civil engineers say that's what we should be doing for a whole number of reasons and so you know this is what our budget is budget is driven by facts now you look at our budget compared to say paul ryan's budget. we talk we show
in the economy like this when people are trying to deal a bridge and get out of debt they just take that money and use it to deal a bridge they don't put it back into the economy because people are too nervous to do that the best way to get people back to work is for the government to spend money and we have low in historically low interest rates so do an infrastructure building is something that one we need to it's inexpensive to do particularly relative to history and by the way it in pro...
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and these new jobs will help build our economy. i think they made the right decision, we're glad to have metlife, a gri great company coo north carolina. neil: there are a lot of zero-tax states like texas and florida trying to do what you are i do, the governors have a contest to do that but there are fewer of you guys than the high tax state guys. what happens in you woo those jobs the republican-run state ewhat do you offer they do not? >> rick perrynd nikki haily and bob mcdonald, we consider them competition, they are friends but they are competition, we welcome the competition. rick perry and i saw each other two weeks ago, we said we'll fight for our jobs, he is going to california, i fight for jobs to keep jobs in north carolina, and i'll take jobs from any place, i like to get them from overseas, also some international companies investing in north carolina. and we're having good news success, and the metlife announcement of 2600 jobs with is a positive signal for north carolina, our biggest challenge right now is small ru
and these new jobs will help build our economy. i think they made the right decision, we're glad to have metlife, a gri great company coo north carolina. neil: there are a lot of zero-tax states like texas and florida trying to do what you are i do, the governors have a contest to do that but there are fewer of you guys than the high tax state guys. what happens in you woo those jobs the republican-run state ewhat do you offer they do not? >> rick perrynd nikki haily and bob mcdonald, we...
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get the economic back in the economy. >> and mike, for those who believe that is too big right now. is this the best we can do? >> no, david. we should be doing much better f. wement to look at history at times when the country most prosperous. it is it always government spending relative to gdp lower than larger. last president to preside over prosperity was bill clinton. he got spending down to 19 percent gdp. this doesn't come close. >> look beingament the spending in 2009, there is it a big increase because of the stimulus and it doesn't go anywhere. we have a permanent amount much spending. president spinding 20 percent. is that not enough for you? >> it is not enough. we need to be sphending more on the economy right now. >> 75 percent of the private sector or what. >> it comes back and starts adding more jobs. >> that make sense. >> david,, we are now looking at basically cutting back. >> emac, that is the point what mark is saying, you help the private sector by taking more from the private sector. that is the only way the government gets money. >> taxes are going up to pay
get the economic back in the economy. >> and mike, for those who believe that is too big right now. is this the best we can do? >> no, david. we should be doing much better f. wement to look at history at times when the country most prosperous. it is it always government spending relative to gdp lower than larger. last president to preside over prosperity was bill clinton. he got spending down to 19 percent gdp. this doesn't come close. >> look beingament the spending in 2009,...
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the economy is getting better. i think we have good traction in the economy right now. we'll see better economic growth than we have seen in the past. the market is reacting to some of that and not without risk from what's going to happen with monetary policy going forward and other concerns. but to run a government like this of $3.6 trillion that many depend on and look to for direction, this isn't the way to do it. we need to find a way to fix it and i'm just not optimistic that we can do that in the very near term. i think it's going to take, you know, two, four, six years to get to a point where we can clear up some of the issues that we're dealing with on tax policy and on our long-term spending priorities. >> even as those long-term issues worsen during that period of time. we'll have to leave it there. gentlemen, thank you both. great to see you both this morning. president obama will meet with a group of ceos at the white house today to discuss ways to improve cybersecurity. the president will solicit input on how the government and private sector can best work
the economy is getting better. i think we have good traction in the economy right now. we'll see better economic growth than we have seen in the past. the market is reacting to some of that and not without risk from what's going to happen with monetary policy going forward and other concerns. but to run a government like this of $3.6 trillion that many depend on and look to for direction, this isn't the way to do it. we need to find a way to fix it and i'm just not optimistic that we can do...
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Mar 17, 2013
03/13
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we had higher tax rates then, we had a booming economy. as our population ages we have to make choices about how we are going to connect to supporting them. there was a research the came out recently that asked people what you want to do about social security. he were willing to pay higher taxes in order to keep the promises that we have made, and even expand benefits. they want to expand social security. we have to adjust for the fact that we do have an aging population. it is when the cost more. we have to have a higher revenue base to support that or else we are going to have to make some cuts that i do not think the population wants to make. commentother referring to rick perry and rick santorum -- in-line guest: they are going through an autopsy. i do not want to throw out names. that did come from bobby j. del. i think there needs to be more open mindedness. i do not think these are stupid individuals. i think they need to be willing to look at all the options that are on the table, looked at the evidence, and really be tied to that
we had higher tax rates then, we had a booming economy. as our population ages we have to make choices about how we are going to connect to supporting them. there was a research the came out recently that asked people what you want to do about social security. he were willing to pay higher taxes in order to keep the promises that we have made, and even expand benefits. they want to expand social security. we have to adjust for the fact that we do have an aging population. it is when the cost...
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so there's no benevolence about this model it's a profit and the only real economy we have the health insurance those create the only reason the companies get health insurance is because they think it's going to kill time you make a good point you know the businesses are not charities but also we should treat to force them to act as chair is to take profits that are earned rightfully but i don't know it just one quarter of all we've got and the government actually in the united states last year paid no taxes you've got if you've got there are a whole lot of billy. dollar corporations painters' there are laws i want to use there are there are a lot of corporations out there that you're right aren't paying taxes there's corporations and should be oh they absolutely should be paying taxes like to hear. they're using they're using corporate loopholes that shouldn't exist to not to not pay taxes but at the end of the day there's a lot of it there are thousands of corporations in this company that are classified as corporations but there are ten fifteen twenty maybe one hundred employees an
so there's no benevolence about this model it's a profit and the only real economy we have the health insurance those create the only reason the companies get health insurance is because they think it's going to kill time you make a good point you know the businesses are not charities but also we should treat to force them to act as chair is to take profits that are earned rightfully but i don't know it just one quarter of all we've got and the government actually in the united states last year...
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Mar 15, 2013
03/13
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adversely impact the economy? other studies reached the same conclusion. the united states that is so high that it is already weakening -- debit is st is so high, it is already weakening the economy. we want to see it grow and it benefits workers, benefits employees and creates more tax revenue for us. that is the central question that we have. this amendment, i believe, moves us in the right direction. it gives us the opportunity to end the deficits. as a percentage of gdp, it goes down every year. thank you. >> let me respond and i believe we will have some debate. to begin, all of us recognize that it is a responsibility that we have right now to deal with our debt and deficit in a responsible manner and we all want to achieve that goal. we recognize the economy is very fragile. we have lived through a lot in the last 10 years. many families are still struggling to send their kids to college and pay their mortgage, tuesday and their homes. the budget we put forward cackles the debt and deficit and irresponsible
adversely impact the economy? other studies reached the same conclusion. the united states that is so high that it is already weakening -- debit is st is so high, it is already weakening the economy. we want to see it grow and it benefits workers, benefits employees and creates more tax revenue for us. that is the central question that we have. this amendment, i believe, moves us in the right direction. it gives us the opportunity to end the deficits. as a percentage of gdp, it goes down every...
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Mar 14, 2013
03/13
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the best way to shrink our deficit is to grow our economy. to grow good paying jobs and put hard-working americans back to work. unemployment remains stubbornly high. we have seen the enemy and he is us. our bloated and inefficient federal government does not promote but stifles progress. it makes us less competitive in the world. we are not being beaten by our competitors worldwide. we are beating ourselves. through excessive taxation and regulation, the federal government stifles economic growth and shifts more and more american jobs overseas every year. on a regulation in energy robs the middle class through higher fuel costs, slows our path to a national energy independence, and costs hundreds of thousands of new american jobs in the energy industry. small banks are a primary source of capital for middle-class families and small businesses. the added burden of the dodd- frank regulations, hamstrings our banks at a time when small businesses and middle-class families need them the most. it does nothing to prevent large institutions from be
the best way to shrink our deficit is to grow our economy. to grow good paying jobs and put hard-working americans back to work. unemployment remains stubbornly high. we have seen the enemy and he is us. our bloated and inefficient federal government does not promote but stifles progress. it makes us less competitive in the world. we are not being beaten by our competitors worldwide. we are beating ourselves. through excessive taxation and regulation, the federal government stifles economic...
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Mar 16, 2013
03/13
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keep saying, if we don't figure out a way to shuffle out trillions of dollars in economy to fight global warming because it's going to get one degree warmer in the hundred years, we shouldn't worry about the deficit that never stops. it is a crisis and immediate crisis and should be honest about that. >> neil: dagen, he was saying in and of itself a balanced budget isn't the goal. it's getting to that but not at the expense of blah, blah. but in saying that spending not a problem and harry reid said don't touch entitlements and nancy pelosi don't raise the medicare retirement age and we don't have a spending problem either, i put a lot of that together. >> right. my favorite little gift of the president was $100 billion in the budget and they don't say freely raising new revenues through taxes in this budget. it's about $1.5 trillion in new tax revenue on top of the $600 billion in higher taxes earlier this year. that is on top of the more than $1 trillion in obamacare taxes. >> neil: and that doesn't balance anything? >> this is blueprint for what the president wants and what all democr
keep saying, if we don't figure out a way to shuffle out trillions of dollars in economy to fight global warming because it's going to get one degree warmer in the hundred years, we shouldn't worry about the deficit that never stops. it is a crisis and immediate crisis and should be honest about that. >> neil: dagen, he was saying in and of itself a balanced budget isn't the goal. it's getting to that but not at the expense of blah, blah. but in saying that spending not a problem and...
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Mar 20, 2013
03/13
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FBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-ye lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their busine
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-ye lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two...
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Mar 21, 2013
03/13
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CSPAN2
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it is not a european economy. it is a growth economy. and we will make a mistake that we will regret, and it will be a couaacolossal error. we are a government of limited powers, constitutionally controlled government. it does not dominate or economy. it does not dominate the people's lives. people are free, and they are -- should be encouraged to be independent and resourceful and to take care of themselves and their families. but when they have a hard time, we need to help them. and we've got programs that spend $750 billion a year, i kid you not. you cobble together all the means-tested welfare programs that go to some, you might say, medicaid -- medicaid is a free program for people whose income is below a certain level. medicaid is a means-tested welfare social program. and there are a lot of them. it's the biggest. but you put all of those to it amounts to $750 billion a year in expenses -- outflow. and there are 83, at least, of these programs, and they're not brought together. they have independence in management, in independent,
it is not a european economy. it is a growth economy. and we will make a mistake that we will regret, and it will be a couaacolossal error. we are a government of limited powers, constitutionally controlled government. it does not dominate or economy. it does not dominate the people's lives. people are free, and they are -- should be encouraged to be independent and resourceful and to take care of themselves and their families. but when they have a hard time, we need to help them. and we've got...
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Mar 16, 2013
03/13
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FBC
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they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-ctury. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting t nail on the head. the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in terms of cutting the size of government and going the size of the private economy. neil: that might have been something that job in the republic
they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection...
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Mar 15, 2013
03/13
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CNBC
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the economy is getting stronger. we'll be right back. up next the question will be are the young gun libertarians taking the leadership role at cpac so far? we're going to talk about that with one under 35 elected leader from florida. stay with us, cpac story very interesting. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read a
the economy is getting stronger. we'll be right back. up next the question will be are the young gun libertarians taking the leadership role at cpac so far? we're going to talk about that with one under 35 elected leader from florida. stay with us, cpac story very interesting. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because...
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Mar 18, 2013
03/13
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MSNBCW
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he got health care passed and fixed the economy. he has the economy on the right track. the gun issue was not a big deal with him in the beginning. gale marriage was not a big issue, but they have become centerpieces, that's the period he's in at this point. republicans are cooperating to the degree that they appeared to be disorganized enough that he appears to be right on track. >> you know, on that point, in terms of the economy, victoria, the president talking about the budget last week, he said something that the gop just jumped all over. the president said, and i'm quoting him, we don't have an immediate crisis in terms of debt, and the republicans and the right wing went bananas. but then mr. boehner and ryan, of course, agree with him. watch this. >> we do not have an immediate debt crisis, but we all know that we have one looming. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefeetably happeningivities they say the president shouldn't have said it, now you have boehner and ryan saying it, about you if both say we don't have an
he got health care passed and fixed the economy. he has the economy on the right track. the gun issue was not a big deal with him in the beginning. gale marriage was not a big issue, but they have become centerpieces, that's the period he's in at this point. republicans are cooperating to the degree that they appeared to be disorganized enough that he appears to be right on track. >> you know, on that point, in terms of the economy, victoria, the president talking about the budget last...
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Mar 13, 2013
03/13
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FBC
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is this good news for the economy? after today's retail sales number, deutsche bank upped its forecast for the economy. the economic growth rate, saying the consumer is still spending, despite recent increases in taxes and gas prices. that's unusual, charles. they are saying hey, maybe the economy is going to expand a bit more rapidly. we're ignoring the tax increases. charles: there's two ways to look at this, this is the ironic thing, i wrote about this last night for my morning report about confidence, is this a sign of confidence? i don't think it is. i think this is part of a longer trend which i have been calling the dropout nation. that people say you know what? there is no future, so i'm going to live for today. the federal reserve did a survey not too long ago, for what people save for, what declined dramatically people aren't saving for retirement or education or to buy a home. what increased dramatically to make a purchase and to have liquidity. those are the only things that people are saving for. it was in
is this good news for the economy? after today's retail sales number, deutsche bank upped its forecast for the economy. the economic growth rate, saying the consumer is still spending, despite recent increases in taxes and gas prices. that's unusual, charles. they are saying hey, maybe the economy is going to expand a bit more rapidly. we're ignoring the tax increases. charles: there's two ways to look at this, this is the ironic thing, i wrote about this last night for my morning report about...
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Mar 19, 2013
03/13
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way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this conversation all the time. people talking about, let's have more job. why aren't people hiring? because we don't have the demand, and we've got to create a society that looks at growing the pie, making the pie bigger, getting gdp up to 3-1/2 to 4%, and letting everybody benefit from the growth. that what we're after. >> neil: you were back running ge and you vastly expanded that empire -- you would not be inclined to expand plant equipment, maybe if you had a cash to work with you would you do the stuff apple is doing, the kind of stuff comca
way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this...
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Mar 14, 2013
03/13
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same economy. what we don't see as clearly are the jobs that are destroyed or prevented from performing as the government first takes that dollar out of the economy. we see those lost jobs and chronic unemployment and a stagnating economy. the government cannot create wealth. can transfer jobs from the productive sector to the government sector by taxing one and spending on the other. it can transfer jobs from one part of the productive sector by taxing and transfer them to another part by subsidizing it. but it cannot create jobs. these policies are causing enormous damage to our economy, and i wish you folks would stop it. [laughter] >> we are running close on time. mr. williams, for two minutes. >> thank you. nobody agrees more than me. i am in the transportation business. we need good infrastructure. however, this a man and raises taxes, and that is a bad idea. i am job creator for 41 years. you don't create jobs by raising taxes on small businesses and workers. employees actually root for thei
same economy. what we don't see as clearly are the jobs that are destroyed or prevented from performing as the government first takes that dollar out of the economy. we see those lost jobs and chronic unemployment and a stagnating economy. the government cannot create wealth. can transfer jobs from the productive sector to the government sector by taxing one and spending on the other. it can transfer jobs from one part of the productive sector by taxing and transfer them to another part by...
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Mar 21, 2013
03/13
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FBC
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about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock market, people are worried about how real those numbers are. stuart: you're very much in touch with the political reaction going on in the economy. but there is no political reaction to middle america about what is going on here. president obama is still relatively popular, his policies are still relatively popular. >> his handling of the economy have dropped precipitously. he is now basically dead even with the republicans handling of the economy, so i think the president should be more worried about it than he is. re
about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock...
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Mar 21, 2013
03/13
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CURRENT
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we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was approve by 318-109 a federal spending bill to keep the government funded through september 30, which averts a march 27 shutdown of the government. here is the speaker of the house excited by the vote. >> it is a good day for the american people. every family in america must balance their budget. today, us republicans passed our bold plan to balance the budget over the next 10 years. this budget does more than just balance. it helps improve people's lives and addresses the things i think they most care about fixing the tax code lowering rates means more jobs and higher wages
we're actually growing the economy. it appropriates a fasters a healthier stronger economy to create more jobs. michael: the reason a lot of republicans probably voled against this bill is it doesn't stand a prayer in the senate. it is not going to pass the senate. this is almost a symbolic vote. they voted on this ryan budget now a number of times amounted i had has not really passed ever. john boehner was happy because what they did also today was approve by 318-109 a federal spending bill to...
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Mar 13, 2013
03/13
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FBC
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economy. after all of these years there is pent-up demand for housing, pent-up demand from businesses for capital investment and hiring. maybe this is the year that it finally comes together. we have had some false starts in the past couple of years. the difference this year is the housing market is finally coming back. and number two, banks lending again. household businesses are willing to take on credit. lou: we get a lot of. [indiscernible] economists. some suggesting banks and lending, saying they're not. we have to move more money into the retail space. what say you? >> when we look at the latest lending figures we can see that banks are lending and it is happening across categories, auto loans, commercial and industrial loans, most lagging sector is mortgages but that is even starting to show some signs of life. banks and lending in areas appetite for loans. lou: carl, as we wrap this thing up, what are you still just outrageously bullish on in this market? >> even more so after today's
economy. after all of these years there is pent-up demand for housing, pent-up demand from businesses for capital investment and hiring. maybe this is the year that it finally comes together. we have had some false starts in the past couple of years. the difference this year is the housing market is finally coming back. and number two, banks lending again. household businesses are willing to take on credit. lou: we get a lot of. [indiscernible] economists. some suggesting banks and lending,...
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Mar 21, 2013
03/13
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we are a public economy. medicare and the military has gobbled up what everyone feels is real economic activity. it is really being paid by the taxpayers. host: let's get a response. guest: you're absolutely right. it ultimately comes down to the taxpayers. the federal government cannot spend a dime that it does not take her borrow from somebody else. when it borrows, there is an interest rate on it. and it has to take money to pay off that debt. i agree with you, we should make certain that we have priorities in washington and we are not spending more than we take in. we need to leave more in your pocket so we can get the economy rolling. in terms of medicare, i would report that the medicare trustees, not republicans, not democrats, but the medicare trustees report, the folks and go charge of making certain medicare is solvent. they are telling us there is a predictable time into the next 10 years at which point medicare cannot provide the medical services for seniors from a financial standpoint. it is incu
we are a public economy. medicare and the military has gobbled up what everyone feels is real economic activity. it is really being paid by the taxpayers. host: let's get a response. guest: you're absolutely right. it ultimately comes down to the taxpayers. the federal government cannot spend a dime that it does not take her borrow from somebody else. when it borrows, there is an interest rate on it. and it has to take money to pay off that debt. i agree with you, we should make certain that we...
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Mar 17, 2013
03/13
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CNNW
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a quarter of our economy in taxes. right now pretty much every other country has moved to 35% and we've stuck the 25%. that hasn't hurt their growth relative to ours. we're roughly at the middle of the table. there are things the governments can do with the money that or government has not done. >> conversation will go on for many, many months and possibly years. >>> coming up -- you heard me warn before of an economic storm but my next guest says silicon valley is at risk of being hit by a typhoon. under attack by your government. there's a reason no one says "easy like monday morning." sundays are the warrior's day to unplug and recharge. what if this feeling could last all week? with centurylink as your trusted partner, it can. our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and dedicated support, your business can shine all week long. >>> you've heard how the forced spending cuts could hurt the u.s., longer lines at airports, fe
a quarter of our economy in taxes. right now pretty much every other country has moved to 35% and we've stuck the 25%. that hasn't hurt their growth relative to ours. we're roughly at the middle of the table. there are things the governments can do with the money that or government has not done. >> conversation will go on for many, many months and possibly years. >>> coming up -- you heard me warn before of an economic storm but my next guest says silicon valley is at risk of...
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Mar 19, 2013
03/13
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FBC
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they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a twinkie bought by me when they are back on the shelves. what is going on with chesapeake energy? the stock is moving. nicole: did you actually say you are going to buy something for somebody should mark that should be the headline right there. chesapeake being cut today to an under performer. making available $2.3 billion this move for chesapeake energy under some pressure. stuart: the situation of cyprus. it is scaring people. how confident are you in this country's banks? we have some numbers for you coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles
they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a...
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Mar 19, 2013
03/13
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it also will help grow our economy, help create jobs. our plan is a plan to grow the economy. and what we are seeing on the other side from the senate by the democrat is a plan that's going to grow one thing, and that's the national debt. so at a time when many seniors are worried about their benefits, and we see many young people having trouble finding jobs after they graduate from college, ours is a plan that is going to give them the certainty and that is going to help them find those jobs because it's going to help grow the economy. what we need from the president and what we need from the senate democrats is a plan to join, to join us in this effort to -- that's going to help improve the lives of americans all across his country. >> a few c.p.a.'s in this town, you are going to be hard-pressed to find a bigger tax budget or economic geek than me. there's nothing i enjoy more than having a discussion about debt to equity ratios and 302-b allocations and the difference between getting to primary balance as opposed to actually alancing the budget. i have been told normal peo
it also will help grow our economy, help create jobs. our plan is a plan to grow the economy. and what we are seeing on the other side from the senate by the democrat is a plan that's going to grow one thing, and that's the national debt. so at a time when many seniors are worried about their benefits, and we see many young people having trouble finding jobs after they graduate from college, ours is a plan that is going to give them the certainty and that is going to help them find those jobs...